Taiwan to Hike U.S. LNG Imports After Reaching Trade Deal ...Middle East

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Taiwan to Hike U.S. LNG Imports After Reaching Trade Deal
source : OILPRICE ( Middle East ) () 8
After striking a trade and investment deal with the United States last month, Taiwan plans to hike imports of U.S. LNG this year to have American gas account for about a third of its supply. “We plan to increase purchases of natural gas from the U.S. to 30%-33% this year from about 10% now,” Fang Jeng-zen, chairman of Taiwan’s state-held oil and gas company CPC Corporation, told reporters on Thursday, as carried by Reuters. Taiwan wants to buy more gas from the U.S. and will reduce imports from other suppliers, said the Economy…

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